UK watchdog warns against 'get rich quick' crypto lure

Pedro Gonçalves
UK watchdog warns against 'get rich quick' crypto lure

Investors in cryptoassets like Bitcoin are often looking to "get rich quick", tend to "overestimate their knowledge" and most of the times invest without "much, or any, research", according to a survey by the Financial Conduct Authority (FCA). The FCA published reasearch on consumer attitudes to cryptoassets, and people it interviewed talked about wanting to buy a "whole" coin, suggesting they did not realize they could buy part of a cryptoasset. "Despite this lack of understanding, the...

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